Posted on 07/28/2010 6:02:31 AM PDT by Stevenc131
Orders to U.S. factories for big-ticket manufactured goods fell broadly in June as the fragile recovery continued to slow. The Commerce Department says demand for durable goods dropped 1 percent in June. It is the second straight monthly decline and the largest drop since August 2009.
(Excerpt) Read more at finance.yahoo.com ...
Uh huh.
The decrease far exceeded the expected 1.0% rise forecast by economists surveyed by MarketWatch.
http://www.marketwatch.com/story/june-durable-goods-orders-fall-sharply-2010-07-28?dist=beforebell
There u go. :)
I don’t call a one percent DROP in orders a fragile “recovery”. Sounds more like the dictionary definition of “recession” as manufacturing continues to recede.
Right. This was supposed to be a minor increase.
A drop of this magnitude is hugh and series!
The Kenyan’s ‘economic stimulus’ plan redistributes taxpayer money on teachers, weatherizing homes, youth summer jobs, and ‘green jobs’ training not racist durable goods sales.
The joke on FR has been to post ‘drink’ when the the word ‘unexpected’ appears in the media. I think we should change that to ‘recovery’. If we were really drinking to that word, we would be passed out in 5 minutes.
DEPRESSION.
LLS
Here is why there will be no double dip... THERE WAS NEVER ANY RECOVERY TO BEGIN WITH.
LLS
So if there was no recovery, I believe there was no recovery, this many months, doesn’t that then technically become called Depression, not recession?
Yes indeed. LIARS will not admit this and ALL members of the Ministry of Propaganda are liars.
LLS
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